The treasury stock account is: Select one: a. Debited upon purchase of treasury stock. O b. Deducted from the common stock account and shown as a net amount. O c. Credited upon purchase of treasury stock. O d. Treated like a common stock account. Liquidation in a partnership involves : A. Sell the assets B. Pay all partnership liabilities C. Sell the assets and Pay all partnership liabilities D. Sell the assets, Pay all partnership liabilities and Pay the remaining cash, if any, to the partners based on their capital balances Select one: a. Sell the assets O b. Sell the assets and Pay all partnership liabilities O c. Pay all partnership liabilities O d. Sell the assets, Pay all partnership liabilities and Pay the remaining cash, if any, to the partners based on their capital balances